Central Banks Fundamental Outlook
| Bank | Rate | Change* | Date of change | Next Meeting | Inflation Target | Expectation |
|---|---|---|---|---|---|---|
| Federal Reserve (FED) | 0.25% | -100 | 15-Mar-20 | 22-Sep-21 | 2% | 4 |
| European Central Bank (ECB) | 0.00% | -5 | 10-Mar-16 | 9-Sep-21 | 3% | 2 |
| Bank of England (BoE) | 0.10% | -15 | 19-Mar-20 | 23-Sep-21 | 2% | 3 |
| Bank of Canada (BoC) | 0.25% | -50 | 27-Mar-20 | 8-Sep-21 | 2% +/- 1% | 3 |
| Bank of Japan (BoJ) | -0.10% | -10 | 29-Jan-16 | 22-Sep-21 | 2% | 1 |
| Reserve Bank of Australia (RBA) | 0.10% | -15 | 3-Nov-20 | 7-Sep-21 | 2%-3% | 1 |
| Reserve Bank of New Zeeland (RBNZ) | 0.25% | -75 | 16-Mar-20 | 6-Oct-21 | 2% +/- 1% | 4 |
| Swiss National Bank (SNB) | -0.75% | -50 | 15-Jan-15 | 23-Sep-21 | <2% | 3 |
* The latest change in the policy rate in basis points
China cuts Loan Prime Rates: 1 year to 3.7% (from 3.8%) & 5 year to 4.6% (from 4.65%) The People's Bank of China cut its Medium-Term Lending Facility rate to 2.85% On the 7-day reverse repo today, rate cut to… more »
Ayhan Kose, director of the World Bank's said "There is a pronounced slowdown underway, ... Policy support is being withdrawn and there is a multitude of risks ahead of us." The World Bank is out with its latest… more »
The ECB has a monetary policy announcement on Thursday and many investors are wondering if euro will fall as the CAD or AUD.ECB was one of the most dovish central bank because of COVID spread and low performance… more »
BoE's Broadbent says he thinks conditions for a rate rise have been met, but need to focus on medium term BoE's Ramsden says necessary but not sufficient condition for a rate rise have been met BoE's Bailey says he… more »
BoE's Bailey says persistence of COVID means there has not been expected rebalancing of demand between goods and services, pushing inflation higher than expected GBP Going UP 20 pips on news reaction… more »
The BoC leaves its Overnight Rate unchanged at 0.25% as expected, rate of QE unchanged as expected; forward guidance unchanged as expected CAD is going in red worst performance from all currencies with -0.29%… more »
Fed's Bullard (2022 voter) says Fed should proceed with tapering despite the weak US jobs data, while he dismissed concerns the rebound in the labour market was faltering and said there is plenty of demand for… more »
Note, one of the major newswires reported the QE decision as a "hold", although the official RBA release states "purchase government securities at the rate of $4 billion a week and to continue the purchases at this… more »
ECB's Villeroy says that France and the EZ should be back to pre-COVID levels in early 2022 or maybe before this… more »
Fed Vice Chair Clarida (voter) stated there has been clear progress on the labour market which is in agreement with Fed Chair Powell and he would support a taper if the labour market gains continue as… more »
